Mixed-Use Building with Rental
For Sale
Contact for pricing
1125 N 2nd St, Saint Charles, MO 63301
Includes 2 renovated second-floor rental units and a main-level commercial space leased at $2,614 monthly plus NNN.
Property Size2,852 SF
Price / SF$280.50
Days on Market725
Property Features for 1125 N 2nd St
General Information
Standard status
Active
Size
2,852 SF
Property subtype
OFFICE
Lease Type
NNN
Additional Details
Multifamily Units
2
Listing Agency:
Thomas Realty Group, LLC
(314) 298-1234
Listed By:
Corey Webb · License #MO2021049290
(636) 357-7004
Source:
Moodyscre
Added: Sep 19, 2024
Changed: Aug 15
Last Checked: Sep 13 at 11:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas Realty Group, LLC
Investment Insights
Based on property information with market context.
This mixed-use building features two renovated rental units on the second floor and a main-level commercial space totaling 1,426 SF. The overall property size is 2,852 SF, creating a straightforward vertical live/work configuration with separate income components.
Located at 1125 N 2nd St in St Charles, Missouri, the property is positioned in the heart of a historic French town. The main level is currently leased at $2,614 per month plus NNN, offering both investment income and owner-user flexibility.
Located at 1125 N 2nd St in St Charles, Missouri, the property is positioned in the heart of a historic French town. The main level is currently leased at $2,614 per month plus NNN, offering both investment income and owner-user flexibility.
Key Highlights
- 2 renovated second‑floor rental units
- Main‑level commercial space totaling 1,426 SF
- Commercial space currently leased for $2,614/month plus NNN
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,320
$707.3K
Cap Rate 7%
$505,229
$505.2K
Cap Rate 9%
$392,956
$393.0K
Market Conditions
NOI Build-Up for 2,852 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.7K $22.68/SF
− Vacancy
−$17.5K −$6.15/SF
EGI
$47.2K $16.53/SF
− OpEx
−$11.8K −$4.13/SF
NOI
$35.4K $12.40/SF
Area
St. Charles County, MO
Vacancy
27.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,320
Cap Rate 7%
$505,229
Cap Rate 9%
$392,956
Alternative Uses
Best Use
Office B
$505.2K
$442.1K – $589.4K
NOI $35,366 @ 7.0% cap · market cap 4.42%
Second Best
Multifamily LT 5
$440.1K
$385.1K – $513.4K
NOI $30,805 @ 7.0% cap · market cap 3.85%
Theoretical Best
Warehouse
$754.8K
$660.5K – $880.6K
NOI $52,837 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 63301, MO
50,890
Population
22,687
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
94%
High-School Grad
84.3 sq mi
ZIP Area
604
Density / Sq Mi
$83,551
Median Household Income
$46,433
Median Earnings
$1,093
Median Rent
$249,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Includes 2 renovated second-floor rental units and a main-level commercial space leased at $2,614 monthly plus NNN.
Where is this office units located?
The property is located at 1125 N 2nd St Saint Charles, MO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2 renovated second‑floor rental units; Main‑level commercial space totaling 1,426 SF; Commercial space currently leased for $2,614/month plus NNN
